It has been close to seven years since the new Iraqi Dinar was introduced. Since its introduction, Iraq's economy has grown consistently (even during the pre-surge period). With this the value of the its new currency has also continued to rise. To top that Iraq's national debt is miniscule and they also boast of vast oil reserves. In fact Iraq is touted to be a country which can fulfill its own requirement of oil and natural gas and supply to the world too. It is believed to have oil reserves if $ 10 trillion and stands only second to Saudi Arabia. As a country rich in natural reserves which are in great demand the world over, its currency is sure to increase in value in the years to come.
Rebuilding Iraq For a Better Economy
With the help of US and its other allies, Iraq is moving swiftly to recover from the war. This will surely have a positive impact on the Dinar and help the currency become a globally recognized currency with world value. The US has allocated over $ 18 billion for reconstruction in Iraq and has offered support to develop Iraq's market economy. A number of other countries have offered aid for restoration projects and the new government has set up a monetary system which encourages foreign investment.
Iraq has also opened new stock and bond markets and they are helping listed Iraqi stocks to rise. To top that real estate is booming and depressed prices are resulting in large number of sales. There is no reason why the currency will not go up in the years to come. A number of analysts have predicted that the Iraqi Dinar will revalue and might reach a value of 3 Dinars per 1 RightPane. dollar or even better by end 2013. It is definitely a good idea to invest in the currency now.
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Everything you need to know about Dinar Revalue